the relevant committee for its approval. To allow the minutes, not to be approved for a substantial long time, is a factor which goes against the interest of present applicants. It is true that the resolution passed on 27th January, 2010 goes to record the protest of Mr. Vilas Badge. At the same time, the question is, whether the protest lodged on 14th December, 2009 was within the permissible period ? The answer is in the negative. If Mr. Dilip Hambarde and Mr. Vilas Sonwane could know about the resolution, dated 8th July, 2009, by 12th July, 2009, surely this news about grant of loan to various non-agricultural societies in terms of lacs of rupees and without there being any formal discussion, must be a matter of concern for other directors, and therefore, it will have to be taken that all the directors who are applicants, were aware about the resolution dated 8th July, 2009 and they did not lodge their protest within a period of seven days from the date of passing of the resolution. Surely this sensitive news about grant of loans to four societies could not have remained a matter of secret. In my view, for aforesaid reasons, knowledge will have to be imputed to all applicants about what transpired regarding grant of loan to four societies. For the aforesaid reasons, it is apparent that all applicants exhibited negligence in the administration of bank. Surely, as directors of the said Bank, they are responsible of the happenings in the Bank. For the reasons mentioned